Apple 3G iPhone Release Has Analysts Talking

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Apple 3G iPhone Release Has Analysts Talking

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The release of the 3G iPhone by Apple CEO Steve Jobs at the World Wide Developer Conference (WWDC) in San Francisco this week has created a stir among Apple stock analysts and experts. Confidence had dropped slightly in the days preceding the announcement due to unsatisfied sales targets but it was quickly renewed following the news of faster connection speeds and a host of much desired enterprise features like Microsoft Exchange support. This brings the iPhone into an entirely new business segment, competing against more established products like RIM's immensely popular Blackberry. So far, the market response has been good, with Apple stock up 2.21%yesterday to $185.64, but this is only the start as the battle between the mobile communications titans gets under way.

Source: http://www.bloomberg.com/apps/news?pid=20601103&sid=aEp_LHAU0qdo&refer=